Uber Technologies (UBER) Set to Announce Earnings on Thursday

Uber Technologies (NYSE:UBER) will be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, analysts expect Uber Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Uber Technologies Stock Performance

NYSE:UBER opened at $77.70 on Tuesday. The firm has a market cap of $163.24 billion, a PE ratio of 85.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Uber Technologies has a fifty-two week low of $42.01 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average price of $75.09 and a 200-day moving average price of $70.77.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Evercore ISI increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Finally, Wolfe Research initiated coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.86.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.